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Manhattan apartment sales spike in Q3, prices vary

Originally published: October 1, 2009 6:13 PM
Updated: October 2, 2009 12:01 AM
By The Associated Press  J.W. ELPHINSTONE (AP Real Estate Writer)

Quick ReadManhattan apartment market soar in third quarter, still below year-ago levels

NEW YORK (AP) — Blink. What housing downturn?

Sales of apartments and co-op units in Manhattan soared between 46 and 69 percent from the second to the third quarter, according to a handful of reports Friday.

Though sales are still one quarter below last year, the speed of the turnaround was surprising. A year ago, the collapse of Lehman Brothers and its shockwaves through the financial...

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